Betsson Balance Sheet Health
Financial Health criteria checks 6/6
Betsson has a total shareholder equity of €805.8M and total debt of €173.4M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are €1.3B and €472.3M respectively. Betsson's EBIT is €229.3M making its interest coverage ratio 23.9. It has cash and short-term investments of €239.3M.
Key information
21.5%
Debt to equity ratio
€173.40m
Debt
Interest coverage ratio | 23.9x |
Cash | €239.30m |
Equity | €805.80m |
Total liabilities | €472.30m |
Total assets | €1.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V72's short term assets (€508.0M) exceed its short term liabilities (€286.6M).
Long Term Liabilities: V72's short term assets (€508.0M) exceed its long term liabilities (€185.7M).
Debt to Equity History and Analysis
Debt Level: V72 has more cash than its total debt.
Reducing Debt: V72's debt to equity ratio has reduced from 22.1% to 21.5% over the past 5 years.
Debt Coverage: V72's debt is well covered by operating cash flow (133.6%).
Interest Coverage: V72's interest payments on its debt are well covered by EBIT (23.9x coverage).